$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals

[Dog-O-Tron 5000v5.0]

I buy my gold in 1/10 American Eagles. That way I can mix it up with my silver purchases w/o having to drop $1900 at once. I've gotten over an ounce in the past year that way, and the premiums aren't too bad. And they are easily recognizable in a trading situation. Gold is expensive but I think it's good to diversify and not put all your eggs in the silver basket. Even the silverbug stacker Youtubers usually have some gold as well.

Once I pay down a little more debt I will start to do semi-regular purchases. Financially, I'm on my way to being mostly debt free by spring, so after that it'll be monthly purchases.

In the meantime I throw any "found" money into silver and gold. Tax rebate checks, home tax program reimbursement, stimulus checks--all go into metal. I am rooting for this dumb COVID stimulus to go through, both because it will make my metal worth more due to inflation, and because I can buy more metal.

 

[Orange Rhymer]

I was shocked at the store today... Prices are holding steady, but product quantity (in the US) has gone noticeably down.
Smaller cereal boxes, toliet paper rolls, paper towel rolls, dishwasher liquid bottles, etc...

Inflation is the ultimate Flat Tax.

I wish I bought more metal... anytime in the last 10 years...

 

[hawaianlapulapu]

A new stimulus package was approved,
A new virus was discovered,
Not many happy to get vaccinated,
Is needed 70% of the population to get vaccinated to gain heard immunity.

How things are looking, we are heading into chaos, social unrest, inflation, civil war, who knows, people just want to have fun, travel, go the pub, get together and have a beer, go to restaurants.

You will need to stay at home for another year.

 

[Lone MacReady]

A new stimulus package was approved,
A new virus was discovered,
Not many happy to get vaccinated,
Is needed 70% of the population to get vaccinated to gain heard immunity.

How things are looking, we are heading into chaos, social unrest, inflation, civil war, who knows, people just want to have fun, travel, go the pub, get together and have a beer, go to restaurants.

You will need to stay at home for another year.

All good news for those with physical Gold and Silver. The FED printin til death is a guarantee, prepare now.

 

[Dog-O-Tron 5000v5.0]

I was shocked at the store today... Prices are holding steady, but product quantity (in the US) has gone noticeably down.
Smaller cereal boxes, toliet paper rolls, paper towel rolls, dishwasher liquid bottles, etc...

Inflation is the ultimate Flat Tax.

I wish I bought more metal... anytime in the last 10 years...

It's not too late. $26 silver and $18xx gold might seem high compared to $10 silver and $1000 gold in years past, but if we go into hyperinflation and they hit $100/$5000 it's a bargain. And if we don't, you can hold them and sell years later for at least some profit.

My debate this weekend--buy $600 worth with my found money now, or wait til $2k is approved and do a large buy in one shot? Don't want to wait too long though, because prices went up last week and will probably jump Monday.

I'll probably split between gold and junk silver fairly evenly. I am a bit pissed the place I buy online from has no mixed 90% cull. Those are fun to go through at least for different stuff mixed in with the common 90% Roosevelt/Merc dimes and Washington quarters like Barber pieces or standing/walking Liberties. Once I got a Morgan with a hole punched in it which was a nice surprise. Cull also has less premium/oz. I'll probably get whatever's on sale I guess.

 

[Noideawhattopick]

I was shocked at the store today... Prices are holding steady, but product quantity (in the US) has gone noticeably down.
Smaller cereal boxes, toliet paper rolls, paper towel rolls, dishwasher liquid bottles, etc...

Inflation is the ultimate Flat Tax.

I wish I bought more metal... anytime in the last 10 years...

As long as the general public doesn't understand it properly.
No mandatory economic classes in high school which would bring people to realize: the government taxes you no matter what you do in multiple ways.

 

[crapstream]

Silver and Gold super cheap right now, best investment ever after Bitcoin

 

[The best and greatest]

How would the government know I have it? Would they just look at my previous bank transactions from metal websites?

I only know the basic summary of 1933's gold confiscation, so don't know how they enforced people to do this. I would think threat of jail time and a fine would be worth risking if the government was literally going to storm in and take your gold. I know a horrible depression was going on, but why didn't the people fight more against it?

Buy a sizeable tract of land somewhere, preferably undeveloped, and then bury it somewhere on the property. If the gov comes looking for it claim you buried it out on your property and forgot where.

Its not like they can compel you to give up information they cant prove you know.

 

[Owlery]

I'm leaning towards more gold than silver. I've seen a several YTers say that silver just goes sideways and looking at the 10 year charts it looks like its primed to pump and then dump again. Is there any major reason I should change my course from buying a 1/4 AGE to more silver instead?

 

[Uncle June]

You guys have any site recommendations? I occasionally buy from a local pawn, but they're drying up quick. Trying to get some more while its still cheap lol.

Looked at JDBullion but they definitely demand a premium price. And it doesn't have the same anonymous qualities as in person cash.

 

[ShortBusDriver]

You guys have any site recommendations? I occasionally buy from a local pawn, but they're drying up quick. Trying to get some more while its still cheap lol.

Looked at JDBullion but they definitely demand a premium price. And it doesn't have the same anonymous qualities as in person cash.

I find this site to have the best prices in general

https://www.moneymetals.com/

They're selling out fast but this is a good deal if you want fractional gold

https://www.apmex.com/product/4233/austria-1-10-oz-gold-philharmonic-bu-random-year

$210.08 x 10 = $241.80 over spot which sounds like a lot but a far better deal than usual.

 

[Dog-O-Tron 5000v5.0]

Silver and Gold super cheap right now, best investment ever after Bitcoin

I didn't get to buy because I haven't been home to either write a check or get my delivery. Glad I didn't because this is a nice dip. I think as we get through the Inauguration there will be a false sense of security and prices might go lower. I may wait till I get the rest of the $2k...

You guys have any site recommendations? I occasionally buy from a local pawn, but they're drying up quick. Trying to get some more while its still cheap lol.

Looked at JDBullion but they definitely demand a premium price. And it doesn't have the same anonymous qualities as in person cash.

I like https://www.goldeneaglecoin.com/ as they have good sales without a high premium, at least on the stuff I buy.

I'm leaning towards more gold than silver. I've seen a several YTers say that silver just goes sideways and looking at the 10 year charts it looks like its primed to pump and then dump again. Is there any major reason I should change my course from buying a 1/4 AGE to more silver instead?

Even the YT silverbugs are saying with the current gold/silver ratio it's smarter to lean towards gold.

 

[Overly Serious]

Quick question. I would like to buy some gold (physical, in my possession) as a contingency against serious economic bad times. It'll be £'s not $'s so I'm slightly more optomistic about the British pound than the US dollar - the latter of which I think is going to go South badly in the next few years. But still, cautious enough to do so. It's not like the UK isn't engaging in the same authoritarian, economy-destroying measures as the colonies.

So anyway, I'd like to buy bars but I don't have that sort of money so am thinking a small number (<10) of 14oz .999 coins. The markup over the spot price of gold at places I'm looking is around 14.5% Is that reasonable? It means, for example, that for £1,682 worth of gold I'd pay £1,968. Am I being ripped off or is that just the cost of being a very micro player in the market?

 

[Dog-O-Tron 5000v5.0]

Quick question. I would like to buy some gold (physical, in my possession) as a contingency against serious economic bad times. It'll be £'s not $'s so I'm slightly more optomistic about the British pound than the US dollar - the latter of which I think is going to go South badly in the next few years. But still, cautious enough to do so. It's not like the UK isn't engaging in the same authoritarian, economy-destroying measures as the colonies.

So anyway, I'd like to buy bars but I don't have that sort of money so am thinking a small number (<10) of 14oz .999 coins. The markup over the spot price of gold at places I'm looking is around 14.5% Is that reasonable? It means, for example, that for £1,682 worth of gold I'd pay £1,968. Am I being ripped off or is that just the cost of being a very micro player in the market?

The spot can vary and yeah, Lone MacReady is right--there is a higher premium on coins than bars for either metal.

I choose coins because in a SHTF situation, or even just a major downturn, they would be readily identifiable by a layman and are in smaller amounts. If the dollar collapsed and silver was $125 an oz, I could lay down a dime to buy a $10 loaf of bread. Easier than asking for change for a 1oz bar. But you will pay less spot for a bar.

If you're stacking to stack, it seems the best thing is to shop around and calculate what you are paying over spot per oz to get the best deal. I usually get 1/10 Am Eagles, but there is a stupid sale on Ducats at Golden Eagle (though to be honest I may expand my shopping to other sites with https://findbullionprices.com/ this weekend).

But as far as the Ducats go look at this and check my math:
https://www.goldeneaglecoin.com/buy...tenth-ounce-uncirculated-american-gold-eagles So you can get a 1/10 oz US Eagle for $232.44

https://www.goldeneaglecoin.com/item/canada-1-10-oz-gold-polar-bear-2019-uncirculated A 1/10 oz Canadian Bear for $213.84

https://www.goldeneaglecoin.com/item/austria-1-ducat-gold-coin Or an Austrian Ducat (with 1/11th oz of gold) for $215.94

So if my math is right, you are getting $185.40 in gold for $232 with the Eagle or $214 for the Bear. But that Ducat gets you $204 in gold for $216 which is insane. It pays to shop around.

 

[Overly Serious]

The spot can vary and yeah, Lone MacReady is right--there is a higher premium on coins than bars for either metal.

I choose coins because in a SHTF situation, or even just a major downturn, they would be readily identifiable by a layman and are in smaller amounts. If the dollar collapsed and silver was $125 an oz, I could lay down a dime to buy a $10 loaf of bread. Easier than asking for change for a 1oz bar. But you will pay less spot for a bar.

If you're stacking to stack, it seems the best thing is to shop around and calculate what you are paying over spot per oz to get the best deal. I usually get 1/10 Am Eagles, but there is a stupid sale on Ducats at Golden Eagle (though to be honest I may expand my shopping to other sites with https://findbullionprices.com/ this weekend).

But as far as the Ducats go look at this and check my math:
https://www.goldeneaglecoin.com/buy...tenth-ounce-uncirculated-american-gold-eagles So you can get a 1/10 oz US Eagle for $232.44

https://www.goldeneaglecoin.com/item/canada-1-10-oz-gold-polar-bear-2019-uncirculated A 1/10 oz Canadian Bear for $213.84

https://www.goldeneaglecoin.com/item/austria-1-ducat-gold-coin Or an Austrian Ducat (with 1/11th oz of gold) for $215.94

So if my math is right, you are getting $185.40 in gold for $232 with the Eagle or $214 for the Bear. But that Ducat gets you $204 in gold for $216 which is insane. It pays to shop around.

Thanks. The logic you lay out at the start is where I'm coming from too so good to get some back up on that.

I'm in the UK right now so would be looking at UK coins as they're legal tender and therefore immune to capital gains tax. But the links are still helpful for comparison. It seems like the mark-up on coins is pretty similar in the UK to elsewhere so that's good to know.

 

[Godzilla1984]

Come on r/wallstreetbets!

Make my silver ETFs grow!

 

[Lone MacReady]

The savvy few understand, or rather, understood when to take action on the physical. Prepare for the PMs wave, death to Fiat, the FED, and the Central Bankers. If money is power, and the Tribe has it, then the time to take it back is here.

 

[Godzilla1984]

R/WSB seems to be having a civil war over silver, and particularly over the SLV ETF.

 

[Merry]

R/WSB seems to be having a civil war over silver, and particularly over the SLV ETF.

It's mostly GME cargo cultists, don't get me wrong I wish them the best but they're being incredibly hostile to anyone who doesn't tow the party line.

Most of the old WSB users are probably gone already in the sea of newfags who just learned what Robinhood is.

Silver will do well regardless because of its commodity status, keep stacking.

 

[Godzilla1984]

It's mostly GME cargo cultists, don't get me wrong I wish them the best but they're being incredibly hostile to anyone who doesn't tow the party line.

Most of the old WSB users are probably gone already in the sea of newfags who just learned what Robinhood is.

Silver will do well regardless because of its commodity status, keep stacking.

To be fair, some of the pro-silver crowd are obviously industry shills.
However, silver IS undervalued.
The gold and silver ratio should be 10-15, not fucking 65-70.
Gold ain't going down, so to correct, silver HAS to go up.

https://www.kitco.com/market/